Re/Max Alliance building sold, new owner plans to subdivide

BUYER: 2000 Webber Building LLC (SMM Investment Group LLC and Gavlin Holdings III LLLP), Sarasota
SELLER: Wells Fargo Bank NA as trustee for the registered holders of GE Business Loan Pass-Through Certificates Series 2004-2
PROPERTY: 2000 Webber St., Sarasota
PRICE: $2.1 million
PREVIOUS PRICE: $1.13 million, December 1995
LAW FIRM ON DEED: Katten Muchin Rosenman LLP, Chicago

PLANS, DESCRIPTION: A Sarasota investment group headed by attorney and developer John Meshad purchased a 27,888-square-foot office building for $2.1 million.

The price equated to $73 per square foot.